Wine tourism in South Africa may double by 2025 as rand tumbles

Tourism based on South Africa’s wine industry has the potential to more than double in size in the next nine years as the declining value of the rand makes the country increasingly attractive to visitors, according to an organization representing producers.

The market could grow to 15 billion rand (US$930 million) in 2025 from 6 billion rand now, said Rico Basson, managing director of Vinpro, which has 3,600 wine producers and cellars as members. It’s among local groups supporting the Wine Industry Strategic Exercise, or WISE, to develop the economic potential of wine tourism in South Africa, which is growing by 7 per cent a year, according to Basson.

The market for international visitors “is a focus area which could easily double and grow exponentially, especially with the weak rand,” Basson said by phone from Paarl near Cape Town. The currency has slumped 28 per cent against the dollar in the past 12 months.


more on businesstimes.com.sg